B&F Analysis/Prediction for tomorrow 07-06-2022

6 Jun 2022

BANKNIFTY Analysis/Prediction for tomorrow 07-06-2022

For Flat Opening
🟢 Buy CE, If price closes above 35450
👉 Target should be 35650
🔴 Buy PE, If price closes Below 35000
👉 Target should be 34800

For Gap-up Opening (up to 200 Points)
🟢 Buy CE, Near 35320
👉 Target should be 35650
🔴 Buy PE, If price closes Below 35300
👉 Target should be 35050

For Gap-Down Opening (up to 200 Points)
🟢 Avoid CE
🔴 Buy PE, If price closes Below 35000 or near 35300
👉 Target should be 34800

Note:
Wait for the 5-minute candle to close for confirmation.
If market opens with big gap, always wait for price action.